May 24, 2021
Funding led by Inflection Point Ventures, an angel investment plan
Salon-focused SaaS platform Glamplus has raised ₹2 crore in a pre-Series A funding round led by Inflection Point Ventures, an angel investment platform.
The other investors in this round were Anil G (Co-Founder & COO at Bounce) Sachin Khandelwal (MD & CEO at Sadhan Enterprise), Sravan Kumar (CEO at Transin), Abhishek Daiya (AVP at Byju s) and Anudeep Nagalia (VP at Shadowfax). They had invested in their personal capacity, the company said in a statement.
Enhancement of product capabilities
Funds raised will be used for enhancement of product and tech capabilities and business expansion. The funds will also be utilised in scaling to 3,000 partners in the next 6 months along with vertical expansion of the business line, it added.
Glamplus raises around INR 2 crore Pre-Series-A funding round
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[Funding alert] Carbon-fiber startup Fabheads raises Rs 8 Cr in pre-Series A round led by Inflection Point Ventures
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Coworking startup Stylework raises Rs 4 crore in pre-Series A funding
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Synopsis
Stylework, which offers flexible office spaces across 800 locations in India to 120 corporates and 3,000 freelancers and startups, plans to use the funding from investor Inflection Point Ventures to fuel its expansion plans.
While 70% of Stylework’s inventory is in Delhi NCR, the platform will now expand to Mumbai, Hyderabad, Pune, Bengaluru and Chennai.
New Delhi: Coworking aggregator platform Stylework has raised Rs 4 crore in a pre-Series A funding round led by Inflection Point Ventures to fund its expansion plans.
Based in the National Capital Region (NCR) centred on Delhi, Stylework offers flexible coworking space in over 800 locations across the country to some 120 corporates and 3,000 freelancers and startups. The company plans to increase seating capacity to 400,000 seats from 150,000 within a year.